Question
Providing or lending money with the expectation of future repayment
Group of answer choices
Credit
Lender
Borrow
Bank
Flag question: Question 2
Question 21 pts
A bank, credit union, or financing company that loans money
Group of answer choices
Principal
Credit bureau
Cosigner
Creditor
Flag question: Question 3
Question 31 pts
The yearly interest rate
Group of answer choices
Variable rate
Annual percentage rate (APR)
Periodic rate
Finance charge
Flag question: Question 4
Question 41 pts
Another term for interest and annual percentage rate (APR)
Group of answer choices
Periodic rate
Finance charge
Annual percentage rate (APR)
Variable rate
Flag question: Question 5
Question 51 pts
The money you borrow
Group of answer choices
Principal
Annual fee
Collateral
Cash advance
Flag question: Question 6
Question 61 pts
The date by which you must repay the money you borrowed
Group of answer choices
Grace period
Due date
Maturity date
Default
Flag question: Question 7
Question 71 pts
An assessment of how trustworthy you are in paying your bills
Group of answer choices
Credit rating
Collateral
Credit score
Creditor
Flag question: Question 8
Question 81 pts
The smallest amount due to the lender to keep your credit in good standing
Group of answer choices
Minimum payment
Deficit spending
Default
Bankruptcy
Flag question: Question 9
Question 91 pts
A situation in which a court rules that a person is not able to pay his or her bills
Group of answer choices
Minimum payment
Default
Bankruptcy
Deficit spending
Flag question: Question 10
Question 101 pts
Monthly payments
Group of answer choices
Minimum payment
Deficit spending
Installments
Default
Flag question: Question 11
Question 111 pts
Borrowed cash
Group of answer choices
Principal
Cash advance
Annual fee
Collateral
Flag question: Question 12
Question 121 pts
A yearly fee that some companies charge in addition to the interest charge
Group of answer choices
Annual fee
Collateral
Cash advance
Principal
Flag question: Question 13
Question 131 pts
Possessions that a borrower pledges in return for a loan
Group of answer choices
Annual fee
Principal
Cash advance
Collateral
Flag question: Question 14
Question 141 pts
A record of paying your bills
Group of answer choices
Creditor
Credit rating
Credit history
Credit score
Flag question: Question 15
Question 151 pts
Monthly rate (used to calculate your finance charge)
Group of answer choices
Finance charge
Periodic rate
Annual percentage rate (APR)
Variable rate
Flag question: Question 16
Question 161 pts
An interest rate that changes over time
Group of answer choices
Annual percentage rate (APR)
Variable rate
Periodic rate
Finance charge
Flag question: Question 17
Question 171 pts
The time during which you can pay a credit card bill on new purchases without being charged interest
Group of answer choices
Default
Due date
Grace period
Maturity date
Flag question: Question 18
Question 181 pts
Fail to pay your bill on time
Group of answer choices
Deficit spending
Default
Minimum payment
Bankruptcy
Flag question: Question 19
Question 191 pts
A loan that does not require collateral
Group of answer choices
Cosigner
Unsecured loan
Collateral
Credit score
Flag question: Question 20
Question 201 pts
A person with a good credit rating who signs a loan note along with the borrower
Group of answer choices
Credit score
Collateral
Unsecured loan
Cosigner
Flag question: Question 21
Question 211 pts
A public or private agency that gathers credit information on people
Group of answer choices
Principal
Cosigner
Creditor
Credit bureau
Flag question: Question 22
Question 221 pts
A rating that helps lenders decide whether and/or how much credit to approve to a borrower
Group of answer choices
Credit score
Collateral
Credit rating
Creditor
Flag question: Question 23
Question 231 pts
Spending more than you earn
Group of answer choices
Bankruptcy
Minimum payment
Deficit spending
Default
Group of answer choices
Credit
Lender
Borrow
Bank
Flag question: Question 2
Question 21 pts
A bank, credit union, or financing company that loans money
Group of answer choices
Principal
Credit bureau
Cosigner
Creditor
Flag question: Question 3
Question 31 pts
The yearly interest rate
Group of answer choices
Variable rate
Annual percentage rate (APR)
Periodic rate
Finance charge
Flag question: Question 4
Question 41 pts
Another term for interest and annual percentage rate (APR)
Group of answer choices
Periodic rate
Finance charge
Annual percentage rate (APR)
Variable rate
Flag question: Question 5
Question 51 pts
The money you borrow
Group of answer choices
Principal
Annual fee
Collateral
Cash advance
Flag question: Question 6
Question 61 pts
The date by which you must repay the money you borrowed
Group of answer choices
Grace period
Due date
Maturity date
Default
Flag question: Question 7
Question 71 pts
An assessment of how trustworthy you are in paying your bills
Group of answer choices
Credit rating
Collateral
Credit score
Creditor
Flag question: Question 8
Question 81 pts
The smallest amount due to the lender to keep your credit in good standing
Group of answer choices
Minimum payment
Deficit spending
Default
Bankruptcy
Flag question: Question 9
Question 91 pts
A situation in which a court rules that a person is not able to pay his or her bills
Group of answer choices
Minimum payment
Default
Bankruptcy
Deficit spending
Flag question: Question 10
Question 101 pts
Monthly payments
Group of answer choices
Minimum payment
Deficit spending
Installments
Default
Flag question: Question 11
Question 111 pts
Borrowed cash
Group of answer choices
Principal
Cash advance
Annual fee
Collateral
Flag question: Question 12
Question 121 pts
A yearly fee that some companies charge in addition to the interest charge
Group of answer choices
Annual fee
Collateral
Cash advance
Principal
Flag question: Question 13
Question 131 pts
Possessions that a borrower pledges in return for a loan
Group of answer choices
Annual fee
Principal
Cash advance
Collateral
Flag question: Question 14
Question 141 pts
A record of paying your bills
Group of answer choices
Creditor
Credit rating
Credit history
Credit score
Flag question: Question 15
Question 151 pts
Monthly rate (used to calculate your finance charge)
Group of answer choices
Finance charge
Periodic rate
Annual percentage rate (APR)
Variable rate
Flag question: Question 16
Question 161 pts
An interest rate that changes over time
Group of answer choices
Annual percentage rate (APR)
Variable rate
Periodic rate
Finance charge
Flag question: Question 17
Question 171 pts
The time during which you can pay a credit card bill on new purchases without being charged interest
Group of answer choices
Default
Due date
Grace period
Maturity date
Flag question: Question 18
Question 181 pts
Fail to pay your bill on time
Group of answer choices
Deficit spending
Default
Minimum payment
Bankruptcy
Flag question: Question 19
Question 191 pts
A loan that does not require collateral
Group of answer choices
Cosigner
Unsecured loan
Collateral
Credit score
Flag question: Question 20
Question 201 pts
A person with a good credit rating who signs a loan note along with the borrower
Group of answer choices
Credit score
Collateral
Unsecured loan
Cosigner
Flag question: Question 21
Question 211 pts
A public or private agency that gathers credit information on people
Group of answer choices
Principal
Cosigner
Creditor
Credit bureau
Flag question: Question 22
Question 221 pts
A rating that helps lenders decide whether and/or how much credit to approve to a borrower
Group of answer choices
Credit score
Collateral
Credit rating
Creditor
Flag question: Question 23
Question 231 pts
Spending more than you earn
Group of answer choices
Bankruptcy
Minimum payment
Deficit spending
Default
Answers
GPT-4o mini
Here are the answers to your questions based on common financial terminology:
1. **Providing or lending money with the expectation of future repayment**
**Answer:** Credit
2. **A bank, credit union, or financing company that loans money**
**Answer:** Creditor
3. **The yearly interest rate**
**Answer:** Annual percentage rate (APR)
4. **Another term for interest and annual percentage rate (APR)**
**Answer:** Finance charge
5. **The money you borrow**
**Answer:** Principal
6. **The date by which you must repay the money you borrowed**
**Answer:** Due date
7. **An assessment of how trustworthy you are in paying your bills**
**Answer:** Credit score
8. **The smallest amount due to the lender to keep your credit in good standing**
**Answer:** Minimum payment
9. **A situation in which a court rules that a person is not able to pay his or her bills**
**Answer:** Bankruptcy
10. **Monthly payments**
**Answer:** Installments
11. **Borrowed cash**
**Answer:** Cash advance
12. **A yearly fee that some companies charge in addition to the interest charge**
**Answer:** Annual fee
13. **Possessions that a borrower pledges in return for a loan**
**Answer:** Collateral
14. **A record of paying your bills**
**Answer:** Credit history
15. **Monthly rate (used to calculate your finance charge)**
**Answer:** Periodic rate
16. **An interest rate that changes over time**
**Answer:** Variable rate
17. **The time during which you can pay a credit card bill on new purchases without being charged interest**
**Answer:** Grace period
18. **Fail to pay your bill on time**
**Answer:** Default
19. **A loan that does not require collateral**
**Answer:** Unsecured loan
20. **A person with a good credit rating who signs a loan note along with the borrower**
**Answer:** Cosigner
21. **A public or private agency that gathers credit information on people**
**Answer:** Credit bureau
22. **A rating that helps lenders decide whether and/or how much credit to approve to a borrower**
**Answer:** Credit rating
23. **Spending more than you earn**
**Answer:** Deficit spending
Feel free to ask if you have more questions!
1. **Providing or lending money with the expectation of future repayment**
**Answer:** Credit
2. **A bank, credit union, or financing company that loans money**
**Answer:** Creditor
3. **The yearly interest rate**
**Answer:** Annual percentage rate (APR)
4. **Another term for interest and annual percentage rate (APR)**
**Answer:** Finance charge
5. **The money you borrow**
**Answer:** Principal
6. **The date by which you must repay the money you borrowed**
**Answer:** Due date
7. **An assessment of how trustworthy you are in paying your bills**
**Answer:** Credit score
8. **The smallest amount due to the lender to keep your credit in good standing**
**Answer:** Minimum payment
9. **A situation in which a court rules that a person is not able to pay his or her bills**
**Answer:** Bankruptcy
10. **Monthly payments**
**Answer:** Installments
11. **Borrowed cash**
**Answer:** Cash advance
12. **A yearly fee that some companies charge in addition to the interest charge**
**Answer:** Annual fee
13. **Possessions that a borrower pledges in return for a loan**
**Answer:** Collateral
14. **A record of paying your bills**
**Answer:** Credit history
15. **Monthly rate (used to calculate your finance charge)**
**Answer:** Periodic rate
16. **An interest rate that changes over time**
**Answer:** Variable rate
17. **The time during which you can pay a credit card bill on new purchases without being charged interest**
**Answer:** Grace period
18. **Fail to pay your bill on time**
**Answer:** Default
19. **A loan that does not require collateral**
**Answer:** Unsecured loan
20. **A person with a good credit rating who signs a loan note along with the borrower**
**Answer:** Cosigner
21. **A public or private agency that gathers credit information on people**
**Answer:** Credit bureau
22. **A rating that helps lenders decide whether and/or how much credit to approve to a borrower**
**Answer:** Credit rating
23. **Spending more than you earn**
**Answer:** Deficit spending
Feel free to ask if you have more questions!